Tata Power Says It Plans To Have 700 EV Charging Stations By 2021
A Tata Nexon EV at a charging station operated by Tata Power Co. Ltd. (Photo: Tata Motors)

Tata Power Says It Plans To Have 700 EV Charging Stations By 2021

Bookmark

Power producer Tata Power Company Ltd. is planning to increase its network of electric vehicle charging stations to 700 by next year, a top company official said.

The Tata Group firm, at present, has 100 fast-charging stations across various cities, including in Delhi, Mumbai, Bengaluru, Pune and Hyderabad, and plans to add 200 more by end of next month.

"We are mapping the locations where EVs are launched and will be setting up charging stations in those cities. Our aim is to take this number to around 700 by next year," Praveer Sinha, chief executive officer and managing director at Tata Power, said in a statement on Monday.

The government's decision to lower the GST rate on EVs to 5 percent from 12 percent is expected to make electric cars affordable for consumers with additional income tax deduction.

According to Sinha, Tata Power is not only focusing on public spaces but will also provide home EV charging stations. "We will create infrastructure for home charging as well as public charging like at metro stations, shopping malls, theatres and highway, among others," Sinha said.

The company is already in talks with metro rail authorities and municipal corporations for setting up EV charging stations. Besides, it will set up charging stations at outlets of Tata Group-owned companies, such as Croma, Westside, Titan and Taj hotels, among others.

Also Read: N Chandrasekaran’s One-Tata Plan Gets Going With Tata Nexon EV

Tata Power has also signed memoranda of understanding for setting up EV charging stations at fuel stations operated by Hindustan Petroleum Corporation Ltd., Indian Oil Corporation Ltd. and Indraprastha Gas Ltd.

In Mumbai, the company has already set up 30 charging points, which it expects to increase to 200 by next year. Sandeep Bangia, the company’s head for electric vehicles and home automation, said that from the standard 15 kWh stations, the company may also look at installing charging stations that will adhere to 30-50 kW standards.

That will happen as and when demand grows, he said.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.